Analyst Ratings Coverage
On Monday July 17th, analyst coverage updates has been released on Tesla’s stock from two financial institutions, Robert W. Baird & Co. and Wells Fargo & Company.
- Robert W. Baird & Co.: Robert W. Baird & Co. (Rank#32 of 342) has reiterated their recommendation of “Outperform” for Tesla’s stock. This reaffirms their belief that Tesla has the potential to outperform the overall market or its industry peers. It suggests that the company is expected to perform well and deliver positive results.
Robert W. Baird & Co. also has updated their target price for Tesla’s stock. They previously set the target price at USD 252, but they have now revised it upwards to USD 300.
- Wells Fargo & Company: Wells Fargo & Company (Rank#10 of 342) has maintained their recommendation of “Equal-Weight” for Tesla’s stock. An “Equal-Weight” rating typically means that the financial institution expects the stock to perform in line with the average performance of other stocks in the same industry or market. It suggests that there may not be any significant outperformance or underperformance expected from Tesla’s stock compared to its peers.
Wells Fargo & Company has also provided an update to their 12 month target forecast. Their previous target price for Tesla’s stock was USD 170, but they have revised it up to USD 265.
TSLA Stock Forecast & Analysis
According to the Tesla Inc stock forecast compiled from 36 analysts, the average analyst target price for Tesla Inc over the next 12 months is USD 218.52. This average target price represents the price that analysts believe Tesla’s stock could reach in the coming year based on their analysis and projections.
In terms of the average analyst rating, Tesla Inc is rated as “Buy.” This indicates that the majority of the analysts who have provided their opinion on the stock recommend buying Tesla shares. This positive sentiment suggests that analysts believe Tesla has strong growth potential and could be a favorable investment.
Stock Target Advisor, a platform that conducts its own analysis, has categorized its stock analysis of Tesla Inc as “Slightly Bullish.” This means that based on their analysis, they have identified 10 positive signals and 5 negative signals related to Tesla’s stock. These signals are likely derived from a combination of technical indicators, fundamental analysis, and market trends.
At the last closing, Tesla Inc’s stock price was USD 281.38. This figure represents the price at which Tesla’s shares traded at the end of the most recent trading day. It’s important to note that stock prices can fluctuate throughout the trading day as a result of market dynamics and investor sentiment. (https://www.echelon.health/)
Over the past week, Tesla Inc’s stock price has changed by +2.53%. This percentage reflects the price movement of Tesla’s stock over the course of the past week, indicating a positive change in value during that period. Similarly, over the past month, Tesla’s stock price has increased by +8.00%, and over the last year, it has risen by +17.21%. These figures highlight the overall positive performance of Tesla’s stock in both the short-term and long-term periods.
